China SAIC Q2 net up 266 pct on strong sales, beats estimates

Newswire

BEIJING, Aug 25 (Reuters) - SAIC Motor Corp , China's biggest automaker, said on Wednesday its second-quarter net profit rose 266 percent on strong auto sales. SAIC, which runs car manufacturing ventures with General Motors [GM.UL] and Volkswagen , booked an April-June net profit of 3.0 billion yuan ($441 million), compared to 818.9 million yuan a year earlier, it said in a stock exchange filing. The result was a touch ahead of an average forecast of 2.9 billion yuan from three analysts ...

Premium Content (PAID Subscription Required)

"China SAIC Q2 net up 266 pct on strong sales, beats estimates" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×